journalizing transactionmcp

8/16/2019 JOURNALIZING TRANSACTIONMCP

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HOW TOPREPARE JOURNAL ENTRY

for SINGLEPROPRIETORSHI

PPrepared by: MARIA CECILIA P. PAGANA


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REPUBLIC OF THE PHILIPPINESDEPARTMENT OF EDUCATION

Region IV-A CALABARZON LUIS PALAD NATIONAL HIGH SCHOOL

City of Tayabas

BOOKKEEPING NC IIIUnit of Competency

JOURNALIZE TRANSACTIONS


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INTRODUCTION

This unit co e!s the "no#$e%&e'

s"i$$s (n% (ttitu%es in !eco!%in&

)usiness t!(ns(ctions in (n

(ccountin& *ou!n($+


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LEARNING OUTCOME

LO,+ PREPARE JOURNAL ENTR-


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O JECTI!ES

At the en% of the $esson' thet!(inees (!e e.pecte% to/

0+ Reco!% t!(ns(ctions in ( &ene!($ *ou!n($+

1+ An($y2e )usiness t!(ns(ctions


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E"#$p%e&'


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E"#$p%e&'0+ L(ptop #ith 3ic!osoft e.ce$

(pp$ic(tion soft#(!e


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MATERIALS


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MATERIALS1+ C($cu$(to!

,+ Pen


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MATERIALS,+ Jou!n($

Pa(e: )))))


11/18

PROCEDURES IN

PREPARING JOURNALENTRY


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SAMPLE TRANSACTION *+

Ap!i$ 0' 14056 C(!$en opene% (!ep(i! shop #ith ( c(shin estment of P044'444+


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STEP +The date of the transaction is entered in the date column.

GENERAL JOURNAL J1Date Account Titles and Explanation Ref. Debit Credit

!1" Cas# $!!%!!! &r Rose% Capital $!!%!!!

'n(ested cas# in business.

April 1


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STEP ,

GENERAL JOURNAL J1Date Account Titles and Explanation Ref. Debit Credit!1"

Cas# $!!%!!!

&r. RoseCapital $!!%!!!


April 1

The debit account title is entered at the extremeleft margin of the Account Titles . The credit account title is indented on the next line .


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STEP -


Cas# 1)!%!!!

&r Rose% Capital 1)!%!!!


April 1

The amounts for the debits are recorded in the Debitcolumn and the amounts for the credits are recorded inthe Credit column.


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STEP


Cas# 1)!%!!!

&r Rose% Capital 1)!%!!!


April 1

A brief explanation of the transaction is given.


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ANALYSIS O/ TRANSACTION *+

INCREASED ASSET.INCREASEDCAPITALInc!e(se% in (sset is !eco!%e%

)y ( %e)it to c(sh+ Inc!e(se%

in c(pit($ is !eco!%e% )y c!e%it

to c(pit($+


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TAS0

Direction / Jou!n($i2e the fo$$o#in& T!(ns(ctions (n%m("e (n (n($ysis of the effect in the (ccountin&

e7u(tion+

Ap!i$ 16P(i% P184 fo! ne#sp(pe! (% e!tisin&(nnouncin& the openin& of he! shop+

Ap!i$ ,6 Pu!ch(se% office t()$es' (n% ( ch(i!s (n% fi$in&c()inets f!om C!u2 9u!nitu!e on c!e%it' P 5 444

Ap!i$ 86 Comp$ete% !ep(i! #o!" fo! R+ Gi$ on c!e%it'P0 144+

journalizing transactionmcp

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